Panama , officially the Republic of Panama , is a country in Latin America at the southern end of Central America , bordering South America . It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. Its capital and largest city is Panama City , whose metropolitan area is home to nearly half the country's over 4 million inhabitants.0
Before the arrival of Spanish colonists in the 16th century, Panama was inhabited by a number of different indigenous tribes . It broke away from Spain in 1821 and joined the Republic of Gran Colombia , a union of Nueva Granada , Ecuador , and Venezuela . After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the United States Army Corps of Engineers between 1904 and 1914. The 1977 Torrijos–Carter Treaties agreed to transfer the canal from the United States to Panama on December 31, 1999. The surrounding territory was first returned in 1979.
Revenue from canal tolls continues to represent a significant portion of Panama's GDP , especially since the Panama Canal expansion project (finished in 2016) has doubled its capacity. Commerce, banking, and tourism are major sectors. Panama is regarded as having a high-income economy . In 2019 Panama ranked 57th in the world in terms of the Human Development Index . In 2018, Panama was ranked the seventh-most competitive economy in Latin America, according to the World Economic Forum 's Global Competitiveness Index. Panama was ranked 84th in the Global Innovation Index in 2023. Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them found nowhere else on earth.
Panama is a founding member of the United Nations and other international organizations such as the Organization of American States , Latin America Integration Association , Group of 77 , World Health Organization , and Non-Aligned Movement . (Full article... )
Roberto Durán Samaniego (born June 16, 1951) is a Panamanian former professional boxer who competed from 1968 to 2001. He held world championships in four weight classes : Lightweight , welterweight , light middleweight and middleweight . Duran also reigned as the undisputed and lineal lightweight champion and the lineal welterweight champion. He is also the second boxer to have competed over a span of five decades, the first being Jack Johnson . Durán was known as a versatile, technical brawler and pressure fighter , which earned him the nickname "Manos de Piedra " ("Hands of Stone") for his formidable punching power and excellent defense.
In 2002, Durán was voted by
The Ring magazine as the fifth greatest fighter of the last 80 years, while boxing historian
Bert Sugar rated him as the eighth greatest fighter of all time. The
Associated Press voted him as the best lightweight of the 20th century, with many considering him the greatest lightweight of all time. Durán retired for good in January 2002 at age 50, following a car crash in
Argentina in October 2001, after which he had required life saving surgery. He had previously retired in November 1980, June 1984 and August 1998, only to change his mind. Durán ended his career with a professional record of 119 fights, 103 wins, and 70
knockouts . From May 1971 up until his second fight against
Sugar Ray Leonard in November 1980, as well as in his fight against
Wilfred Benítez in January 1982, Durán was trained by legendary boxing trainer
Ray Arcel . (
Full article... )
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